Yahoo! Inc. may raise advertising rates as
much as 15 percent to 20 percent this week, according to a published report.
The companies share price rose as much as 5.3% last week on optimism that the
Internet search service is expected to raise advertising rates, helping to
boost its total revenue, Bloomberg News reported.
Yahoo! is expected to release its new advertising rates for the next year on
Sept. 15. The percentage estimate came from Brian Oakes, an analyst at Lehman
Bloomberg said Oakes raised his earnings estimate for Yahoo! in 2000 to 56
cents a share
from 52 cents a share.
Analysts expect the company to earn 55 cents a share
for the year 2000, according to a survey by First Call Corp.
boosted his rating on Yahoo! to “outperform” from “neutral.”
Yahoo! shares closed Friday at $170.50, up more than $7.